It's A TRAP! Don't Buy Property To Save Taxes (Advanced Strategy)

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  • Опубликовано: 7 ноя 2024
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Комментарии • 20

  • @Hunty49
    @Hunty49 2 месяца назад +4

    Even if you're in the 40% tax bracket, you only get 40% back. As an example, you need to lose $10,000 to get $4,000 back. So you're still $6,000 out of pocket. And the largest tax return you can get is based on how much tax you pay. So if you lose enough money to get $30,000 back at tax time, if you only pay $25,000 tax, you can only receive $25,000 back.

    • @d.j.z.j
      @d.j.z.j 2 месяца назад

      How does this work

    • @Hunty49
      @Hunty49 2 месяца назад +3

      @@d.j.z.j This is why when people ham on about Negative Gearing being the reason people can't buy a house I know they know nothing. Negative Gearing was introduced in 1936. It's just a way to give people a tax break if they lose money on an investment. It doesn't cover your losses, but doesn't make it hurt as much. It's all about breaking even. If you lose money, they give you some back. If you make money, they tax you.

  • @mitchcrowden2810
    @mitchcrowden2810 2 месяца назад

    Hi Ravi, can you recommend a tax agent that doesn’t cost the moon to go over my situation. Currently saving to be able to use your agency to buy?

  • @RosyJaye
    @RosyJaye 2 месяца назад

    Great content, I love how you explain the difference and tell us facts that others would not.

  • @xamashee
    @xamashee 2 месяца назад +7

    The more I watch your videos, more I keep getting confused. This video to that video more confusion.

    • @AMJB100000000
      @AMJB100000000 2 месяца назад

      Yep these guys just love dragging these videos out with the small amount of info they provide… monotone voice to keep you on the edge of your seat aswell

  • @d.j.z.j
    @d.j.z.j 2 месяца назад

    So how does house and land help with cash flow generaiin and hkw do ppl accumuatr wealty from h and l ? Some people have made good money in h and l but is that because they boight at the right time?

  • @agsimple8757
    @agsimple8757 2 месяца назад

    It’s funny how the accounting treatment of Land appreciates Building depreciates is taken literally. Many countries don’t even have that accounting feature.
    Real world doesn’t work that way - It’s the product that goes up in value or down in value.

    • @Hunty49
      @Hunty49 2 месяца назад +1

      No. The house depreciates, like a car does. But the land becomes more valuable because of the demand by increasing the population.

  • @rammzet2716
    @rammzet2716 2 месяца назад

    Really good content. I have a few investment properties and yes I'm negative but only because of interest rates damm it 😅

  • @kurochandog9472
    @kurochandog9472 2 месяца назад

    what do you think about coposit scheme?

  • @chocolatecheekz178
    @chocolatecheekz178 2 месяца назад

    Thanks Ravi

  • @stanleel2404
    @stanleel2404 2 месяца назад

    Ravi, i made a mistake in my investment journey that has now cost me 37k a year out of pocket just to hold it.

  • @solomonthomas7444
    @solomonthomas7444 2 месяца назад

    Is wandina in WA a good place to buy investment property?

    • @John37ful
      @John37ful 2 месяца назад +2

      Yeh really good buy 10 there asap gonna moon 🚀

    • @neck_minnet8939
      @neck_minnet8939 2 месяца назад

      My friends brothers dentist said it was a good spot, definitely gona moon might even Jupiter.

  • @semihard9732
    @semihard9732 2 месяца назад

    Where can I find the calculator your using?

    • @michaelrobinson1134
      @michaelrobinson1134 2 месяца назад

      He using simple compound interest calculator online. I think this one is "thecalculatorsite" one. But if you want to play with property get special software like PIA Somersoft program. It's cheap and gives you a nice easy to use breakdown. It helped us for our first 8 properties. Then we didn't have to look for the last 3 because it's drummed into your head from running the numbers so often and experience.

  • @PersonalFinancewithRaviSha-z9l
    @PersonalFinancewithRaviSha-z9l 2 месяца назад

    Personal Finance with Ravi Sharma